15 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ Executive VP, Corp. Dev. David Desautels received 13,658 shares and a 30,849-share option grant as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ CAO & Controller Jason Doornik received 13,198 shares as part of the equity award.
15 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ EVP, Gen. Counsel & Corp. Sect Michael G Silver received 20,464 shares and a 46,221-share option grant as part of the equity award.
15 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Andrew Lawrence Fawthrop sold 35,000 shares at $5.53.
15 Mar 2022director interest notice● Neutral
Director Andrew Fawthrop exercised stock options over 93,190 shares at $0.99 on March 11, 2022. He also had 14,393 shares withheld to cover tax.
11 Mar 2022annual report▲ GoodMajor
VAALCO's annual report for fiscal 2021, showing revenue roughly tripling to $199.1 million and net income of about $81.8 million, boosted by its February 2021 Sasol Gabon interest acquisition and a recovering oil price.
4 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ CAO & Controller Jason Doornik had 2,481 shares withheld for taxes on vesting stock.
4 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ Executive VP, Corp. Dev. David Desautels had 2,582 shares withheld for taxes on vesting stock.
4 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ EVP, Gen. Counsel & Corp. Sect Michael G Silver had 3,306 shares withheld for taxes on vesting stock.
1 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ Executive VP, Corp. Dev. David Desautels had 1,641 shares withheld for taxes on vesting stock.
11 Feb 2022substantial holder notice● Neutral
Renaissance Technologies LLC, RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION reported a VAALCO shareholding of 3,243,884 shares (5.46% of votes) in a periodic institutional filing.
10 Feb 2022substantial holder notice● Neutral
The Vanguard Group reported a VAALCO shareholding of 2,441,903 shares (4.11% of votes) in a periodic institutional filing.
7 Feb 2022director interest notice● Neutral
Fabrice Nze-bekale became a VAALCO ENERGY INC /DE/ director and company insider (initial ownership filing).
1 Feb 2022substantial holder notice● Neutral
Wilen Investment Management Corp disclosed a new substantial VAALCO shareholding of 3,223,729 shares (5.40% of votes).
31 Jan 2022director officer appointment● Neutral
VAALCO appointed Fabrice Nze-Bekale, a Gabonese banking and mining executive, as an independent director. Director Bradley Radoff resigned effective January 28, 2022, with no disagreement with the company or board.
28 Jan 2022director officer appointment● Neutral
VAALCO amended the employment agreements of CEO George Maxwell and CFO Ronald Bain to raise their bonus and equity-incentive targets, sharpening pay-for-performance incentives.
28 Jan 2022dividend declaration▲ Good
VAALCO declared a $0.0325/share quarterly dividend, payable March 18, 2022.
19 Jan 2022substantial holder notice● Neutral
Tieton Capital Management reported a VAALCO shareholding of 3,314,157 shares (5.70% of votes) in a periodic institutional filing.
12 Jan 2022other● Neutral
VAALCO's Form S-3 shelf registration (File No. 333-261934) was declared effective.
10 Jan 2022other● Neutral
VAALCO asked the SEC to accelerate the effective date of its December 29, 2021 Form S-3 (File No. 333-261934) to 5:00 p.m. Eastern Time on January 12, 2022, or as soon after as practicable.
6 Jan 2022other● Neutral
SEC staff corresponded with VAALCO on its December 2021 Form S-3 shelf registration, part of the routine review before it could go effective.
29 Dec 2021securities registration● Neutral
VAALCO filed a Form S-3 shelf registration allowing it to offer up to $150 million of common stock, preferred stock, depositary shares, warrants and units from time to time. Terms of any offering would be set out in a later prospectus supplement.
15 Dec 2021drilling spud● Neutral
VAALCO spudded the Etame 8H-ST well, the first of its 2021/2022 Gabon drilling campaign, for which it had contracted the Borr Drilling jack-up rig that June.
17 Nov 2021director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Bradley Louis Radoff sold 200,000 shares.
10 Nov 2021substantial holder notice● Neutral
BLR Partners LP, BLRPart, LP, BLRGP Inc, Fondren Management, LP, FMLP Inc, The Radoff Family Foundation, Bradley L. Radoff reported a VAALCO shareholding of 2,013,832 shares (3.40% of votes) in a periodic institutional filing.
10 Nov 2021director interest notice● Neutral
Director Bradley Radoff sold 1.2 million VAALCO shares on the open market between November 8 and 10, 2021, at about $3.91 to $4.02 each. He also received 1,113,791 shares when BLR Partners distributed 2,471,000 shares to its partners.
3 Nov 2021quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $55.9 million and net income of $31.7 million for the period ended 2021-09-30.
3 Nov 2021quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $55.9 million and net income of $31.7 million for the period ended 2021-09-30.
2 Nov 2021drilling progress report▲ Good
Completed the two announced Etame workovers offshore Gabon, adding about 1,050 gross barrels of oil a day, 540 net. EEBOM-2H went from about 500 gross barrels a day to roughly 1,400 after its longest-serving pump was replaced, and ET-12H was restored to 1,800 gross. Both were done with the mobile hydraulic workover unit VAALCO bought early in 2021 rather than by hiring a drilling rig.
12 Oct 2021joint venture update▲ GoodMajor
VAALCO, alongside new partners BW Energy and Panoro Energy, was provisionally awarded two offshore exploration blocks in Gabon's 12th Offshore Licensing Round.